India's Redington heads for worst day in five months after margin drop

Redington

30/07/2025 10:25

** Shares of Redington Ltd REDI.NS sink 7.3% to 267 rupees, set for worst day since February 28

** Apple AAPL.O products distributor reports ~12% rise in Q1 consol net profit

** However, REDI's EBITDA margin, excluding its Turkish unit Arena, drops to 2.09% from 2.34% a yr ago

** Still, analysts tracking stock rate it "buy" on average; median PT is 250 rupees - data compiled by LSEG

** Stock up ~36% so far this year

 (Reporting by Nandan Mandayam in Bengaluru)

 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))